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Delegated Underwriting Authority Leader
2 months ago
Job Summary
We are seeking a highly skilled DUA Operations Manager to join our team at G MASS. As a key member of our Delegated Operations management team, you will play a crucial role in managing the due diligence process and administration of all classes of business.
Key Responsibilities
- Manage the due diligence process and administration of all classes of business, including new Coverholder sponsorship, annual due diligence review and approval.
- Liaise and provide guidance to underwriters, transversal functions, and stakeholders.
- Assist in implementing regulatory directives and oversee internal/external business associated forums and actions.
- Manage outsourcing arrangements and monthly performance against SLAs.
- Review third-party audit recommendations and resolve identified actions.
- Ensure data quality meets standards and rectify gaps identified.
- Oversight of income review results and reporting requirements of the credit control function.
- Manage and support Delegated Authority team members as required.
- Identify opportunities for improvements in cost savings and efficiency across processes.
- Generate and develop reporting requirements (internal/external) to support regulatory and non-regulatory returns.
- Ensure delegated systems, including Vipr and the HUB, remain fit for purpose.
Requirements
- 1-2+ years of Delegated Underwriting Authority experience.
- Sound knowledge of FSA and Lloyd's and major foreign regulatory requirements.
- Thorough knowledge of Lloyd's Minimum Standards for Delegated Underwriting, Conduct Risk, and Third-Party agreements, including Binding Authority Agreements.
- The ability to build and implement processes.
- Good oral and written communication skills.
What We Offer
Initial contract until the end of the year with the expectation to be taken on permanently.